Retail Opportunity Investments (ROIC) Downgraded by ValuEngine
Retail Opportunity Investments (NASDAQ:ROIC) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Monday.
Several other equities research analysts have also commented on the stock. BidaskClub upgraded shares of Retail Opportunity Investments from a “strong sell” rating to a “sell” rating in a report on Friday, June 15th. Zacks Investment Research lowered shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Thursday, July 5th. Wells Fargo & Co boosted their price target on shares of Retail Opportunity Investments from $16.50 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, July 31st. JPMorgan Chase & Co. lowered shares of Retail Opportunity Investments from a “neutral” rating to an “underweight” rating in a report on Friday, June 15th. Finally, BMO Capital Markets began coverage on shares of Retail Opportunity Investments in a report on Tuesday, September 18th. They issued a “hold” rating and a $20.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $19.69.
ROIC traded down $0.35 on Monday, reaching $18.25. 1,234,600 shares of the company traded hands, compared to its average volume of 1,118,831. Retail Opportunity Investments has a one year low of $16.17 and a one year high of $20.14. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.61 and a beta of 0.56. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.74 and a quick ratio of 3.74.
Large investors have recently bought and sold shares of the company. Brown Advisory Inc. bought a new stake in shares of Retail Opportunity Investments in the 1st quarter valued at about $188,000. Raymond James Trust N.A. purchased a new position in shares of Retail Opportunity Investments in the 2nd quarter worth approximately $195,000. OppenheimerFunds Inc. purchased a new position in shares of Retail Opportunity Investments in the 2nd quarter worth approximately $196,000. Profund Advisors LLC grew its position in shares of Retail Opportunity Investments by 25.6% in the 1st quarter. Profund Advisors LLC now owns 20,640 shares of the real estate investment trust’s stock worth $365,000 after buying an additional 4,201 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its position in shares of Retail Opportunity Investments by 81.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 20,697 shares of the real estate investment trust’s stock worth $366,000 after buying an additional 9,300 shares during the last quarter.
About Retail Opportunity Investments
Retail Opportunity Investments Corp. (NASDAQ:ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of June 30, 2018, ROIC owned 92 shopping centers encompassing approximately 10.6 million square feet.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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